Oinvest is making a noticeable splash in the CFD trading industry, and though it’s barely two years old with a founding date in 2018, it has quickly gained renown for a secure MT4-based trading environment and plethora of in-demand assets. Clients in the MENA and Asia-Pacific regions are fans of Oinvest for its provision of foreign exchange pairs, cryptocurrencies, stocks, and commodities trading, but also the broker’s relationship with its regulating body the Financial Services Authority (FSA) Seychelles. With multiple ways to deposit and deploy capital across global markets safely, it’s also required to have a dense library of educational resources and references, which Oinvest readily delivers.
Operated by ARONEX Corporation LTD, Oinvest has the backing of an experienced financial entity that is capable of meeting stringent demands for security, transparency, and also service. Oinvest therefore uses a third-party straight through processing (STP) model, meaning members have a dedicated source of liquidity and can be sure the system represents their interests directly.
Pros and Cons
Pros
- Reliable, FSA regulated broker
- Access to multiple markets for all accounts
- No commissions on trades
- Many ways to get in touch with customer support
- Built on the MT4 (mobile, web, desktop)
Cons
- Absence of more complex analysis and research
- Limited number of countries served
- $100 minimum withdrawal
Recommended For
Oinvest members are ideally those who want to move their money to a safe, simple platform from which to invest in a wide range of global markets. It’s refreshing to see that Oinvest doesn’t relegate fundamentally useful trading tools or assets to top-tier accounts only, meaning those prospective clients who want their platform to provide a comprehensive value proposition will be satisfied with this broker. The entry point for accessing nearly the entire range of Oinvest’s tools is also low, with a minimum deposit of $250 or the equivalent in other currencies for Silver account membership.
Advanced traders who require more sophisticated analytics or research tools will likely be swayed by alternatives to Oinvest if these features are a deal-breaker, though what’s possible with the MT4 platform is hardly limiting, especially for algorithmic traders. Traders who consider customer service a must do see Oinvest as a great choice, however, with a call center that’s available five days a week, two email support lines and a form to contact management as well.
Top Features
- Free News Alerts: Crucial for traders who need to be able to act quickly on market news, Oinvest’s alert system provides the most relevant figures and reports as they become available in real time. These are sent directly however the accountholder (Platinum only) prefers, including email and SMS.
- No Commission Trading: A variable floating spread is the only cost tacked onto a position made on the Oinvest platform apart from swaps and rollovers, with zero extra fees or commissions to tolerate.
- Free VPS for Platinum: Those who deposit enough to make the Platinum membership minimum gain a few extra features, which include a dedicated account manager and news alerts, but one of the most appreciated for some will be Oinvest’s complimentary Virtual Private Server (VPS).
- Dedicated Account Manager: Available to Gold and Platinum account holders, a dedicated account manager capably provides a solution in case you have urgent questions or issues about your personal account or trades.
- Top Notch Education: There’s a plethora of educational resources on trading and investing on Oinvest’s website, near the top of the page on any section of the site. Included are videos on demand, articles, tutorials and courses, eBooks and more.
Overview
- Type of Broker STP Broker
- Regulation & Licensing Financial Services Authority (FSA) Seychelles
- Accepted Jurisdictions 11
- Assets Offered Currencies, Commodities, Indices, Shares, Cryptocurrencies
- Platforms Available MetaTrader 4 (Desktop, Web, Mobile)
- Mobile Compatibility iOS, Android
- Payment Types Accepted Credit/Debit Card, Bank Transfer, Skrill, Neteller, V Pay, Maestro, Verified by Visa, Mastercard Securecode
Account Types
Features |
Silver Account |
Gold Account |
Platinum Account |
Account Currencies |
ZAR, USD |
ZAR, USD |
ZAR, USD |
Available Leverage |
Up to 200:1 |
Up to 400:1 |
Up to 400:1 |
Minimum Deposit |
$250 |
$500 |
$500 |
Starting Spreads |
From 2.2pips |
From 1.3 pips |
From 0.7 pips |
Commission Per Trade |
0 |
0
|
0 |
Decimal Pricing |
Up to 5 decimals
|
Up to 5 decimals
|
Up to 5 decimals
|
Swaps/Rollovers |
Yes |
Yes |
Yes |
Trading Instruments |
50 FX Pairs 17 Commodities 16 Indices 170 Stocks 33 Cryptocurrency Pairs
|
50 FX Pairs 17 Commodities 16 Indices 170 Stocks 33 Cryptocurrency Pairs
|
50 FX Pairs 17 Commodities 16 Indices 170 Stocks 33 Cryptocurrency Pairs
|
Min. Lot Size Per Trade |
0.01 |
0.01 |
0.01 |
Max Lot Size Per Trade |
50 |
50 |
50 |
Demo Account |
Yes |
Yes |
Yes |
Swap/Rollover Free |
Yes |
Yes |
Yes |
Copy Trading Support |
No |
No |
No |
Compliance & Regulation
Oinvest took its first step into the marketplace already licensed and regulated by the Financial Services Authority of Seychelles (FSA). That means it is equipped to protect investor funds as much as their information, identity, and payment methods and has the regulatory right to serve countries such as the UAE, Indonesia, Malaysia and others. User funds are held in segregated bank accounts which maintain an arm’s length from Oinvest’s own capital, ensuring that in any course of events clients can be confident in their financial security.
Additionally, Oinvest does not frivolously share member information outside of the company, and walls off its own website and trading platforms with encryption against potential breaches. This is just one part of its stack of protective technology, which also integrates HTTPS and cutting-edge firewall protection where it matters most. Accordingly, traders measuring their risk with depositing any amount of capital or investments on Oinvest have only the markets to consider and no other variables.
Pricing
To determine how Oinvest’s fees and prices stack up with its peers, it’s important to look at commissions, spreads, fees for special trade types like swaps, and more. One of the nicest things for traders who hate having to pay extra on each trade is the absence of commissions and fees, which is a good way to save on frequent trades and also to predict what any future trade will cost. The spreads on any instrument are posted next to each instrument and on the website, and remain competitive with the market, 0.07 points as a starting spread for crude oil and 2.2 pips for EURUSD on the base Silver account, for example. Spreads also get lower as the account tier rises from Gold to Platinum, moving as low as 0.7 pips for EURUSD.
Minimum deposits on any account start at $250 for the Silver account, and rise from there. This deposit can be returned to members of course. There’s also the cost of withdrawal, dependent on which third-party payment provider you use, and for some you’ll be charged a small fee that does not go to Oinvest. Traders that hold positions for longer than a day should be aware of accompanying swap rates and rollovers depending on the type of asset, and Oinvest does assess a $50 fee for account inactivity which is tacked onto the next withdrawal request. Overall, Oinvest’s fee structure is quite simple and doesn’t overburden members.
Reliability & Security
What makes up a broker’s reliability, if not its status with regulators, the technology it employs to protect members, and the accountability of its customer service? On all these fronts Oinvest passes the bar despite its young age in the industry, starting with the way it keeps to the strict standards of transparency, custody of funds, and reporting set by the Seychelles Financial Services Authority (FSA). To ensure it stays compliant and serves clients well, Oinvest secures its platform and its website with Secure Socket Layer protection and other technology to keep information away from prying eyes.
Another point in favor of Oinvest’s reliability is its customer service team, which hasn’t had the longest time to prove itself but has done so nonetheless. There are a few ways to get in touch with the Oinvest team, including a couple email addresses, a live chat option, a phone line open 10 hours a day and five days a week, and the thoughtful addition of a form so customers can get in touch with management. For now, Oinvest is winning the favor of traders in terms of dependability.
User Experience
Oinvest has a characteristically streamlined onboarding process for new traders, which is what any user experience starts with. It’s among the faster onboarding processes, starting with just a phone number, email address, and the user’s name, and then progressing through document upload all in around 2 minutes. Oinvest doesn’t pressure new members to make a deposit or even upload ID initially, making sure to tell them it’s possible at any time and encouraging the exploration of a demo account beforehand.
One will need to verify their ID before using the large Deposit button in the following client area. The client area is a friendly dashboard that grants control over account details and actions like depositing or withdrawing, downloading the various trading platforms, and a brief visual of one’s equity, free margin, and balances. From here one can always get in touch with an Oinvest customer support person by clicking on the Live Chat button in the bottom right corner of the screen. For self-help guidance on using Oinvest or its trading platforms, users are also always in reach of the broker’s educational resources, found at the top of its main page. Here are listed, video courses, articles, eBooks, and other tutorials to make a master of anyone.
The way to best experience what Oinvest has to offer is by launching its Webtrader platform. This is built on the MetaTrader4, which many traders will be familiar with. They’ll see all the functionality necessary to get the job done, including indicators and charting options on the top menu, the ability to select which asset is viewed in the main panel from the left-hand list, and of course management of open positions in the lower frame. Traders can open and close positions by right clicking on the position or the instrument and then typing in values for their entry and exit points, preferred leverage and more. The desktop platform is similar in nature, while functionality is boiled down to the bare necessities for users of the Oinvest mobile trader application.
Final Thoughts
Looking closely at Oinvest, it’s apparent that the broker intends to be bare bones in terms of distracting embellishments like deeper social trading or advanced research and puts more emphasis on a low-cost, accessible, “just works” philosophy. All accounts have access to the same fundamental trading tools and assets as others, with the exception of some extras like alerts, VPS, or a dedicated account manager for Gold and Platinum clients. What’s important is that the path to the markets is unobstructed and not fraught with tolls. Oinvest’s no-commission model and its well-designed interface accomplish this well. This is the reputation it has with just a year or so in the marketplace, and there’s only room to grow.
For some traders, the absence of certain features, research tools or in-depth analysis may be a deterrent to joining the platform. However, Oinvest does give members the tools to do their own due diligence, and supplements this with an extremely available customer service team. Therefore, it will be suitable for most trader experience levels, even professionals, and those who expect the best service from their broker no matter if they’re a big or a little fish.
Trading Platform Screenshots
Contact Info
FAQs
Q: Is Oinvest safe to use?
A: Traders can feel confident when using Oinvest because it is regulated by the FSA, which mandates certain protections and precautions to be taken with funds and personal information.
Q: What kind of leverage can I access on Oinvest?
A: Though available leverage can stretch as higher as 400:1, this varies by instrument (cryptocurrencies do not offer high leverage for example) and by the trader themselves. Beginner traders should use leverage with extreme caution.
Q: What does the $100 withdrawal minimum mean?
A: It means that you are unable to make a withdrawal of profits that is less than $100, even if your total account value is more than this. For instance, you can request that your $250 deposit be returned, but if you’re only left with $30 in past profits, you’ll be unable to withdraw any profits at all until they’ve grown past the minimum.
Q: Do I own the cryptocurrencies I’m trading on Oinvest?
A: Traders are using Contracts for Difference (CFDs) which represent the same value and present the same speculative opportunity as underlying cryptocurrencies but are not these coins (or their private keys). Therefore, they are not owned and cannot be transferred to a blockchain wallet.
Q: How do I deposit money to Oinvest?
A: Oinvest has many deposit methods including regular credit and debit cards, bank wire transfers, and ewallets like Neteller and Skrill, among others.